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20121228
20121228
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Search Results 0 to 12 of about 13 (some duplicates have been removed)
MSNBC
Dec 27, 2012 10:00pm PST
congress. we are going to hit the debt ceiling. it never ends. >> happy new year's america. ♪ >> 29 and a half hours that is how long congress will have to avoid going over the fiscal curve on sunday night. >> if we go over the cliff, mr. president, the house of representatives as we speak with four days left after today with the first of the year, aren't here. i can't mamg they are out wherever they r and we are here trying to get something done. >> president obama called leaders last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not proposing making the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are
FOX Business
Dec 28, 2012 11:00am EST
is dealing with the budget and the debt ceiling is money that congress has voted to spend a. it is leverage. shibani: one side has leverage over the other. >> absolutely. and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and mcconnell saying let it go forward and let congress vote against it, the majority won't vote against it and allow people to get on record saying i don't really like this. dennis: they know it will pass and they don't have to be responsible by defaulting on the debt. president obama's move to say let's take this out of congress and let me have sole authority to lift the borrowing authority whenever one won't fly. >> there have been a lot of shenanigans around this in the past. the conversation is when we are doing spending. when we are passing appropriations is the time to say should we spend this money or not? they are deciding to spend
FOX News
Dec 27, 2012 10:00pm PST
years. and you are right, future congresses can change. last year when we had the big debt ceiling fight and the budget control act and everybody was worried about that, we pass add budget control act and set limits on spending, we exceed them all the time. we bring up a point of order and they said we decided we don't care anymore, a year later. so they don't obey their own rules. it's why people are so frustrated with congress is he pass rules on ourselves like we are supposed to read the bills and brent them up and put them on line and we disobey the rules. the majority votes and say we don't care. >> we will hit the debt ceiling soon. two questions. one, would you agree for any reason to raise the debt ceiling, and number two, if we hit the debt ceiling, does this mean the americans will not get their tax refunds when they apply for them in january, february and march or will they be delayed? >> i would raise the debt ceiling under one condition and that would be a balanced budget amendment to the constitution. barring that, people in congress, those who have met up here, they
FOX Business
Dec 28, 2012 5:00pm EST
extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is talking about armageddon because of the debt ceiling. i would be terrified if i were not in the market putting my toe in this. there will have to be buying opportunity if people panic and sell. >> which market, adam? that can be the story of 2003 and headlines are obviously scary they have a tendency to sell stocks and buy bonds. that is the safe move. i think the reverse will be true in 2013 and stocks will look quite attractive versus bonds. a highly manipulated market government stepped in and tried to hold interest rates low. once inflation starts to show its head, i think bonds, supposedly the safe asset that could be where the real danger lurks in 2013. adam: jonathan i will let spencer respond to that i heard similar comments last four years get out of bonds, get out of bonds. spencer, what do you think?. >> i don't see anything comp
FOX Business
Dec 28, 2012 4:00pm EST
of the gamesmanship in the beltway. how does it effect us. >> we are going to hit the debt ceiling monday if that is not resolved, and telling congress in a letter that i read, tax filing season, and that hurts consumers in the wallet, and, you know, we've been talking to goldman sachs, fidelity, showing us sectors that will be hurt, not only just because they rely heavily on government contracts, what goldman sachs said, it's not just defense, but health care, you know, environmental waste services, and fidelity says, watch out, banks are going to get, of course, hurt too. mia activity is off 20% because they -- the capital investment, the capital spending is not there. you know, rich edson has been reporting this that, you know, it's hanging right now on the house. there's more than a dozen seats that the democrats hold in the senate that are -- those guys are in the red states so if they vote for any type of tax hikes with the midterms coming up, those senate democrats are looking for cover from the house. house moves first to give them political cover. then you go over the clif
MSNBC
Dec 28, 2012 12:00pm PST
play out twice before. 2008 when congress voted down t.a.r.p. and then approved it a few days later and then 2011 with the debt ceiling standoff and the stock market fell between 7% and 11% on the expectation this is just going to wreck the economy. and then, stocks rebounded so financial adviser on wall street are saying if the markets go down, consider it a buying opportunity and we do have a little bit of precedent for that. >> rick newman, thanks so much for joining us. >> thank you, guys. >>> enough of the cliff. coming un, finally, the four top stories of 2012. steve, krystal, toure and s.e. that's right. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we g
CNN
Dec 28, 2012 8:00am PST
all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to ahead in the summer of 2011. they demand they reduce deficit as a condition for raising the debt ceiling. without a deal shs the u.s. would lose its ability to borrow money. republicans and democrats deploy tactics that shut down the government and ultimately cost america its aaa credit raid raiting for the first time in history. in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across-the-board cuts known as the sequester would go into effect starting january 2013. at the exact moment when the bush tax cuts extended for two years, if you remember, would expire. the point is we could have all seen this coming. some of us did. we yelled but we were drown out by the election. it seems common sense and good governance get drown out by endless and continuous elections i
FOX News
Dec 28, 2012 3:00am PST
we're talking about the milk cliff and the fiscal cliff, there is the debt ceiling, which we will reach december 31 as well. congress is due back to work sunday. they'll work sunday, monday and hopefully hammer out a deal, or multiple deals. that's the latest, back to you in the studio. >> juliet: thanks, theresa. >> kelly: we were talking that milk is higher than gas! >> juliet: i know. there is going to be a run on that in that refrigerator over there. >> eric: the ripple effect will be tough. it's going to be tough medicine to swallow. we need to take the medicine to get through this. >> kelly: forget the beef. >> juliet: all righty. it's a hard topic to approach. what do you say to somebody who is facing tragedy? our next guest knows firsthand and she has some advice on what you should never do. >> kelly: then could it be a divine intervention? cops say this guy drove drunk on the founder of alcoholics anonymous. you can't make this up. >> juliet: oh, wow ! ing it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fata
CSPAN
Dec 28, 2012 2:00pm EST
crisis over raising the debt ceiling. republicans demanded some cuts from congress. they agreed to $1 trillion in cuts, they handed over $1.50 trillion to the super committee. because they failed to come up with a deal that could be approved by congress and the president, those automatic cuts go into effect, $1.20 trillion over 10 years. the first cut will go into effect on january 2 of 2013. host: how are the defense sequestration cuts being applied? are we sure? guest: we are not exactly sure, but the law says that every program and activity must be cut by the same percentage. there may be some flexibility, but the understanding is that you have to go across the board and cut everything by the same amount, estimated to be about 9.4% in the case of the pentagon. host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those service
CNN
Dec 28, 2012 1:00pm PST
. norquist's pledge signed by almost all republicans by congress forbids raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand that the government reduce its deficit as a condition for raising the debt ceiling. both democrats and republicans earth tactics that shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional supercommittee. but a poison pill was attached. if the supercommittee can't reach a deal, automatic across the board cuts known as a sequester would go into effect be at the exact moment when those bush tax cuts extended for two years would expire. so the point is we could have all seen this coming and some of us did. we yelled at the top of our lungs about it but were drowned out by the election. it seems that good governance gets drowned out by continuous elections in america. this time there may be
Search Results 0 to 12 of about 13 (some duplicates have been removed)